Apple has given up trying to withhold its financial details from India’s antitrust body, although it did negotiate one last delay, and may have managed to greatly cut the up to $38 billion fine it was starting down.
It should have been a reasonably simple case of the Competition Commission of India (CCI) fining Apple over antitrust practices, and Apple appealing against that 2024 ruling. But it has become a more complex and protracted issue as Apple has resisted surrendering the financial details the CCI needs to determine its fine.
According to Reuters, Apple has now agreed to supply the information. However, it has asked for what it reportedly called a “final extension” until June 25, 2026.
The CCI has now granted that extension. Significantly, however, the extension is for Apple to compile what it calls “India-specific financial information.”
Apple’s position up to now has centered on a claim that India requires its worldwide financial details for the period subject to the fine, 2022 to 2024. While this is also how the EU calculates fines, Apple claimed that it could mean India fining it $38 billion.
Alongside this claim, though, Apple is also disputing how it is being affected by a change in Indian law. The change allows India to base its fines on global turnover instead of local.
Apple opened its first ever store in India in 2023 – image credit: Apple
But that change came into effect during 2024, so Apple believes the new rules should not apply to the whole 2022-2024 period. Apple has been arguing against this law in a New Delhi court, and maintained that in the meantime, the antitrust case should be paused.
The CCI accused Apple of trying to stall the case, and refused to put the proceedings on hold.
Confusingly, the CCI set May 21, 2026 as a final hearing date, and that now appears to be when Apple agreed to comply. However, on May 18, the Delhi High Court ordered Apple to surrender the audited statements, yet also told the CCI not to issue a ruling before July 15, 2026.
This appeared to give Apple around two months to supply the information, meaning it also had two more months for its simultaneous High Court protest against the law change.
It now appears that Apple has won around a month’s reprieve. But the court also seems to have accepted that it will only provide details of its finances in India.
That presumably means the CCI will only be able to base its fine on this local detail, rather than the global turnover its law allows. So while Apple was not likely to get a full $38 billion fine, it seems probable that it has now ensured that can’t happen.
Separately, India is increasingly becoming a major part of Apple’s manufacturing, particularly for the iPhone. As of March 2026, a reported one in four of all iPhones were made in India.